IPOs Beef Up Takeover Defenses

January 2005
Investment Dealers' Digest;1/10/2005, Vol. 71 Issue 1, p7
Trade Publication
This article reports that emboldened by a stronger equity market, U.S. companies that went public in 2004, beefed up their takeover defenses. "Newly minted companies chose to prepare to fend off hostile raiders and activist shareholders with a wide array of tokeover provisions," reports SharkRepellent.net, which monitors takeover defenses. Last year, companies had 11 per cent more takeover defense provisions than those that went public in 2003, the year when takeover defenses in initial public offers were the weakest in five years, according to SharkRepellent.net.


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